Square to buy Afterpay for $29bn

The acquisition of the Australian business is expected to close in Q1 2022, with Square CEO Jack Dorsey citing the fintechs’ ‘shared purpose’.

EBA publishes responses to issues raised about APIs under PSD2

A sixth set of issues was raised by the participants of the working group, which has been tasked with identifying issues and challenges that market participants face during use of API interfaces.

US startup Landis raises $165m in debt and equity

The fintech, which helps renters reach home ownership, secured backing from Sequoia Capital, as well as actor Will Smith’s Dreamers VC and Jay Z’s Roc Nation’s venture investment arm.

Prime Trust secures $64m in first funding round

The Series A was led by Mercato Partners and comes as Prime Trust surpassed $100 million in annual revenue-run rate.

Data providers to participate in pensions dashboards testing

Aviva, Capita and Mercer are among seven organisations that have signed up to the initial test phase to help develop pensions dashboards.

Lloyds Banking Group to acquire Embark

The deal to buy the digital retirement and savings group will allow Lloyds to meet the ‘broader financial needs’ of its customers.

Bud partners to offer subscription management

The fintech has joined forces with Minna Technologies to enable enterprise clients to manage their subscriptions to services like Netflix and Spotify.

Finleap Connect makes first acquisition

It has bought Spanish Open Banking provider MyValue Solutions with a capital injection from Claret Capital.

Klarna bolsters social shopping offering

The buy-now-pay-later firm has acquired Stockholm-based APPRL, adding to its retailer support expertise.

CMA gives OBIE green light to mandate VRPs for sweeping

The CMA9 will have six months to implement variable recurring payments, according to a letter from the CMA to the OBIE’s Imran Gulamhuseinwala.